Power Grid awards KEC International ₹2,872 crore in 765 kV line contracts
KEC International won ₹2,872 crore of 765 kV transmission orders from Power Grid, its largest-ever India T&D award, according to TradingView reporting.
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what happened
KEC International has been awarded contracts worth ₹2,872 crore by Power Grid Corporation of India (PGCIL) for designing, supplying and installing 765 kV transmission lines. The company disclosed the awards in a filing with the BSE on October 24, as reported by TradingView.
According to the company, this is the largest single order ever received by its India transmission and distribution (T&D) unit. The projects will carry 8.5 gigawatts of renewable power out of Gujarat. Managing Director and CEO Vimal Kejriwal said the awards "have substantially expanded our India T&D order book."
Year-to-date order intake now exceeds ₹13,500 crore, including about ₹9,500 crore from the T&D business.
why it matters
The deal matters for India's grid build-out, which is tied to rising power demand and connections for renewable generation. Yet KEC's shares closed about 1.5% lower at ₹327 on the NSE on October 23 and have fallen nearly 56% this year, so the order does not change that recent price trend on its own.
market impact
KEC International: a large grid order lifts revenue visibility, while the shares remain under pressure after a 56% year-to-date drop.
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- KEC International wins ₹2,872 crore orders from Power Grid, its largest India T&D order — TradingView, 24 October 2026 at 04:39 UTC
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